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what to do with student loans after graduation

5 Steps to Handle Student Loans After Graduation

May 7, 2018 Avery Comments 0 Comment

With graduation season around the corner, you are probably filled with excitement to finally finish two decades worth of education and finally start entering the work field. Maybe you are currently struggling on the job hunt or feeling anxious at starting your first “adult” job. But there is also a hurdle coming your way. Now that you’ve graduated, you have to start paying your student loans. While you may be tempted to put off thinking about it while you’re in…

April 2018 Debt Progress: Changing My Payment Strategy

May 5, 2018 Avery Comments 0 Comment

April was horrible. I can’t believe the last time I made a student loan payment was in February which is not good at all. I am so glad I started this blog to hold myself accountable because I am feeling pretty damn embarrassed right now for not making progress so there will be drastic changes coming. The upside is while I didn’t make any payments in March or April, I didn’t default on them at all. This is because I…

March 2018 Student Debt Statement

April 3, 2018 Avery Comments 0 Comment

For the month of March, I did not make any payments at all. I had a couple of setbacks in life. My contract position ended earlier than expected due to lack of business needs which led me back to my part-time job. So at the end of March, I am currently in higher debt than I was last month. I accrued $340.53 in interest. The good news is those accrued interests are not being capitalized and I have 50% subsidy…

How to Pay Off $50,000 in Less Than a Year

How I Paid Off $50,000 Debt in 7 Months

March 27, 2018 Avery Comments 0 Comment

I started my journey of paying off my student debt in July of 2017. From July 2017 to February 2018, I paid $46,877 to my student loans and $3,220 to my credit card balance. This is how I paid off $50,000 debt in 7 months. I attribute most of my success in paying my debt to cutting down my spending so I’m going to break down my spending for these 7 months. Then I will dive into what I did…

Private Loan vs Federal Loan: Should You Refinance?

Private Loan vs Federal Loan: to Refinance or Not?

March 22, 2018 Avery Comments 0 Comment

One of the first questions that students are faced with after graduating with student debt is “Should I refinance?” So what are the pros and cons of a private loan versus federal loan? And which one did I choose and why? In this post, I will go through my experiences with different repayment plans and my journey of how I came to choose the repayment plan that was right for me. Private Loan The biggest perk of refinancing to a private…

January & February 2018 Student Debt Statement

March 1, 2018 Avery Comments 0 Comment

For my January & February student debt statement, I made a total payment of $5775. The biggest update is that I paid off another loan! I will also give quick but important tips on filing your tax return at the end of this post so be sure to not miss it.

Debt Snowball vs Debt Avalanche: Which Debt Repayment Method is Right for You?

Debt Repayment Guide: Choosing Between Debt Snowball vs Debt Avalanche

February 28, 2018 Avery Comments 0 Comment

Having trouble deciding which debt repayment option is right for you? Maybe you have heard the terms “debt snowball” and “debt avalanche” repayment methods being thrown around. What are they and which one should you choose? I will go over all that in this Debt Repayment Guide: Choosing Between Debt Snowball vs Debt Avalanche. When I graduated from grad school and looked at all my loans (check out my first debt statement to see what I started with), I was…

November & December 2017 Student Debt Statement

January 30, 2018 Avery Comments 0 Comment

November and December were very busy months for me, with the holidays and the new job. I only made one payment total in November so I decided to combine November and December into one student debt statement. Overall I made very great progress in December, making up for that one payment I made in November. I decided to tackle my next highest interest, deciding to go with the debt avalanche method. I had previously requested Nelnet, my student loan servicer…

October 2017 Student Debt Statement

November 2, 2017 Avery Comments 0 Comment

Now that things have settled down a bit more and I have more time on my hand, I am definitely planning to update more. I’ve been keeping up to date with my student debt statement. I wrote in my previous post that I had some good news to share. I should have known better no good news comes without a setback. So I have one good and one bad news. The good news is that as you can see, I’ve…

August & September 2017 Student Debt Statement

October 21, 2017 Avery Comments 0 Comment

Since I’ve been behind in updating my student debt statement, I figured I would put the past 2 months in the same post. In total, I contributed $2,000 in August and September. Not a lot of changes for both month. I am still very proud of myself for getting in those $1000 payments each month, especially because they were made during my grad intern days when I was only making less than half of my current salary as a…

Millennial Mayday

My journey to financial independence

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